Solar power has been on fire, with our recent recommendations; LDK Solar (ADR: LDK) and Suntech Power (ADR: STP) leading the way!

What to do now:
After such a strong run-up some profit taking is likely. You might consider taking a portion of your position off the table here and booking profits, but I advise holding on to at least half of your shares. There's a good chance we'll see more.

What's going on:
LDK in particular has been lighting up the newswires, with the company scoring a triple-source supply coup and some key clients to boot.

As I've mentioned, one of the key challenges to solar panel producers is the shortage of polysilicon wafers and the risk of a production hold-up. This is the kind of stuff that keeps many a solar company CEO up late at night and afraid of the dark. Well, LDK just about eliminated that very important concern from their business model with this trio of huge supply contracts, totaling over 1500 mega-tons of supply, which will carry its needs through at least 2013.

Like I suggested before, LDK has the type of competitive advantage that tends to inspire confidence and act as a virtual business magnate. That's just what's happening.

Meanwhile, Suntech Power also made headlines, landing a nice supply contract with an Italian firm that designs and installs giant photovoltaic systems on industrial and commercial roofs to feed into the power grid there. This is something that's popping up more and more, on a global basis.

Positive feedback from a German solar conference and a new solar-theme ETF (which tends to cause buying pressure in the components companies, including LDK and Suntech) are also helping keep a floor under the shares.

For those of you who bought LDK Solar when I wrote bullishly about this Chinese solar player March 18 here in the Emerging Markets Insider blog, you should be sitting pretty - the shares have gone from about 24 then to more than 36 now. That's a very nice 51% gain - not bad for two weeks holding period!

Similar with Suntech Power (also in China), which I suggested was a timely buy in the same March 18 post. Suntech shares soared from near $31 a share then to almost $50 now, a very respectable 61% gain (I had mentioned Suntech earlier this year, but only as a cautionary "hold").

But you could have make 10 x that much!

These gains are great, especially in such a short time frame - but I'll show you how you could have made 10 times that amount - with less risk. Watch for details and a very special offer soon...

Best wishes,
Jeff Manera
Emerging Markets Insider
Email: Jmanera@EmergingMarketsInsider.net